OTCPK:BLILF - Post by User
Post by
liverlesson Sep 14, 2017 10:20am
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Post# 26694955
Lithium Resource Update
Lithium Resource Update
New press release on Maricunga resource. I don't see how BRZ can trade this low compared to other juniors given the resource and recently SEC approved acquisition.
https://globenewswire.com/news-release/2017/09/14/1121130/0/en/Bearing-Announces-NI-43-101-M-I-Resource-of-1-7-MT-LCE-Plus-Inferred-Resource-of-0-4-MT-LCE-and-Provides-Corporate-Update.html
"M&I resource lithium concentration of 1,100 mg/L Li and Inferred resource lithium concentration above 1,200 mg/L Li rank the Maricunga Joint Venture as the highest lithium concentration pre-production project. "
From what I can see BRZ trades at a fraction of the valuation on an EV/lb basis of Lithium Americas and Lithium X. Yet concentrate grade is higher. And they are carried through feasibility by Lithium Power buy-in. What am I missing?